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Pegula eyes sale of non-controlling, minority stake in Bills

Related Topics: Terrence Pegula, Buffalo Bills

BUFFALO, N.Y. -- Buffalo Bills owner Terry Pegula is looking into a potential sale of a minority interest in the team, the team said in a statement Friday, while emphasizing that no new investment would involve changing the Pegula family's controlling interest.

"The Pegula family has retained Allen & Company to explore the potential sale of a non-controlling, minority interest in the Bills," the team said its statement. "These discussions only involve the Bills and no other team. No investment would be possible without Terry Pegula and the Pegula family maintaining a controlling interest in the team.